Keeping Busy During Retirement

There are many ways to keep busy during retirement and as ironic as it may sound, retirees are jumping back into the work force as one option to keep busy. Many are finding that engaging in consulting or free lance work, turning a hobby into a business, or helping at a local organization or family business as a way to spend their time and bring in additional income.

Some retirees find that when not working, the days feel extra-long, so they put their knowledge and skills into an encore career while still feeling the freedom of retirement by only working part-time, creating their own schedules, or being their own boss.

Keep in mind there are specific limits to how much additional income you are able to make without disrupting your Social Security deposits or Medicare costs. Click here to read “I Want to Stay Busy During Retirement. Can I Work Still?”

If jumping back into the work force is not for you, there are other options to keep busy during retirement including volunteering, exercising, gardening and more!

Did You Know?

•  Nearly 19% or 9 million Americans, ages 65 and over are working part- or- full time. _{(Source: Yahoo Finance)}
•  More than 10,000 individuals born between 1946 and 1964 are retiring per day and leaving a hole in the workforce. _{(Source: Yahoo Finance)}
•  People age 65 and older watch an average of 4.6 hours of TV each day. _{(Source: U.S Bureau of Labor Statistics data)}
•  People between ages 65 and 74 spend nearly an hour per day shopping in person, on the phone and online, the most of any age group. _{(Source: US news)}
• Many retirees are interested in improving their homes, and those age 65 and older spend nearly two-and-a-half hours per day doing so, also the most of any age group. _{(Source: US news)}

10 Apps To Keep Your Brain Sharp

Staying mentally active is equally as important as staying physically active as we grow older. A number of studies have shown that brain games can help maintain and strengthen the brain while lowering the risk of cognitive decline. We are all familiar with the timeless games of Bingo, Chess and Checkers, but we now have access to endless options of brain games at the tip of our fingertips. Click here to read a list of brain games that are available on your smart phone, computer or tablet at home, including some of our past time favorites that are now available to play electronically.

Planning Tip: Tax Deadline Approaching

Reminder the tax deadline is Tuesday, April 18, 2023.

You still have time to put money into a traditional or Roth Individual Retirement Accounts (IRAs) up until the tax filing deadline of April 18 2023.

For 2022, total contributions for traditional and Roth IRA accounts are limited to $6,000 except for those ages 50 and older, which is limited to $7,000.

At this point, you should have received most forms needed for your 2022 tax filing. If you are in need of a copy or have any questions, please contact the office at (518) 584-2555.

12th Annual SFS Shred Event

SAVE THE DATE!

Our 12th annual Shred Event will be held on Saturday, May 6th from 9am to 11am.

We will be holding the event again this year at the JC Penny's parking lot located around the back of Wilton Mall.

We hope to see you there!